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republicans have offered to raise taxes on higher incomes by $800 billion, not by raising tax rates, but by eliminating some deductions and loopholes. during last year's budget showdown, the president said he wanted to do exactly that. >> what we said was give us $1.2 trillion in additional revenues, which could be accomplished without hiking tax rates, but could simply be accomplished by eliminating loopholes, eliminating some deductions and engaging in a tax reform process that could have lowered rates generally while broadening the base. >> reporter: but now the president does not. he says it will not raise enough revenue. >> it's not me being stubborn. it's not me being partisan. it's just a matter of math. >> reporter: amidst all this disagreement, one area where there might be potential compromise, raising the age when seniors can start receiving medicare, from 65 to 67. that would help the government save almost $6 billion a year, according to one study, though it would also come at a cost. an average of $700 more in out-of-pocket costs for those seniors no longer eligible for
republicans have offered to raise taxes on higher incomes by $800 billion, not by raising tax rates, but by eliminating some deductions and loopholes. during last year's budget showdown, the president said he wanted to do exactly that. >> what we said was give us $1.2 trillion in additional revenues, which could be accomplished without hiking tax rates, but could simply be accomplished by eliminating loopholes, eliminating some deductions and engaging in a tax reform process that could...
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Dec 4, 2012
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taxed. the basic understanding night can taxpayer now, they earned the right to be this cynical, is that whatever is said during these kinds of negotiations, in the end everybody pays. megyn: we have seen so much jockeying in washington back and forth between the white house and house republicans. eve one offers a deal the other side says is totally unacceptable and a non-starter. president obama just sat down for an interview with bloomberg and says the tax rates -- the republicans say don't raise rates. but let's close out loopholes and get rid of deductions. all you should care about is how much revenue you are getting. why do you care fit' a rate or deduction. increase the revenue. president obama says no i need rates to go up on the rich. now he's saying rates have to go up. they have to go up on the rich. but then we can talk about lower them again next year. we'll chat. we'll have more time then we can discuss the loopholes abductional earn tough deductions to rates. >> we are 400 day
taxed. the basic understanding night can taxpayer now, they earned the right to be this cynical, is that whatever is said during these kinds of negotiations, in the end everybody pays. megyn: we have seen so much jockeying in washington back and forth between the white house and house republicans. eve one offers a deal the other side says is totally unacceptable and a non-starter. president obama just sat down for an interview with bloomberg and says the tax rates -- the republicans say don't...
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Nov 29, 2012
11/12
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. >> worth more than 327 million after taxes. can you imagine? >> no, that's crazy. tell you what the odds of winning are, 1 in 175 million. >> i feel lucky. >> okay. listen. we did a kick pick. >> gave five bucks and said make it count. we did a quick pick, which i kind of like. >> somebody did it for us. i gave them five bucks and said make it count. >> good. >> two and a half. >> anyway. i always do the quick pick but they say a lot of people pick the ones that are like calendar years because those numbers mean something, if you go out of that range, 51, 53, may be better. >> so we are going to hold onto these. >> let you know if we won. >> let us know if you did. >> we will let you know if you won, we won't be here tomorrow, perfectly well. >> i love hearing what people say they would do. >> what would you do? >>> it is very, very clear to me, what i would do find the very best theater or build the greatest theater that broadway has ever seen and then i would endow it so that people who have never been to theater, never known the magic of theater, never known how
. >> worth more than 327 million after taxes. can you imagine? >> no, that's crazy. tell you what the odds of winning are, 1 in 175 million. >> i feel lucky. >> okay. listen. we did a kick pick. >> gave five bucks and said make it count. we did a quick pick, which i kind of like. >> somebody did it for us. i gave them five bucks and said make it count. >> good. >> two and a half. >> anyway. i always do the quick pick but they say a lot of...
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Dec 5, 2012
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, just not the tax rate. the president said no and came back and moved the goal posts and wants 1.6 trillion. >> it's like lucy pulling away the football from charlie brown. the president is now asking for twice the amount of increase in taxes that he campaigned on. really, the proposal that tim geithner brought to capitol hill is one that i believe the democrats one-point even support if put to a voight. the increase in taxes in over $200,000 of income, the incredible increase in change to the death tax, wanting to have a new credit card with no credit limit to the president so he can additionally just borrow and spend and tax? you go through all of these things. it really never deals with the fumblefundamental problem in our country which is the spending. our problem is not that we're taxed too little, we just continue to spend too much. >> he is asking that the debt ceiling that he has sole control over and how much the debt ceiling can be raised without having to get permission from capitol hill. i mean,
, just not the tax rate. the president said no and came back and moved the goal posts and wants 1.6 trillion. >> it's like lucy pulling away the football from charlie brown. the president is now asking for twice the amount of increase in taxes that he campaigned on. really, the proposal that tim geithner brought to capitol hill is one that i believe the democrats one-point even support if put to a voight. the increase in taxes in over $200,000 of income, the incredible increase in change...
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Dec 4, 2012
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republicans have to realize they have to cave on tax rates. the only question is what to get in return. they should demand the year 2013 will be spent putting together a pro-growth and entitlement reform package to put this country on a sound financial footing through 2040. i want to show you what ishg sken boles said. he said while i'm flattered he calls it the bowles plan, it does not represent the simpson-boles plpla plan. >> i almost always agree with brooks. i think serious tax reform has to be the next phase. i hope there's a commitment to it. you know, backing up on the revenue and what republicans need to do, i think the approach that republicans are saying is if there's a number, there are ways to get -- a variety of ways to get to the number. we want to get to a number and do it in a way to stimulate the economy and encourage growth. so there's just lots of ways of getting to a number, and it doesn't have to be that top marginal rate. you can do it through closing of loopholes and capital gains and a number of different ways to do it
republicans have to realize they have to cave on tax rates. the only question is what to get in return. they should demand the year 2013 will be spent putting together a pro-growth and entitlement reform package to put this country on a sound financial footing through 2040. i want to show you what ishg sken boles said. he said while i'm flattered he calls it the bowles plan, it does not represent the simpson-boles plpla plan. >> i almost always agree with brooks. i think serious tax...
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tax rates. it may be just tax rates higher for those making half a million a year, i think they'll retreat a little bit. >> i think, too, what i'd like to see the republicans do, i'd like to see them pass a bill extending tax cuts below $250,000 and everyone agrees those should be put through and then put through another bill that extends the tax cuts on those $250,000 and above and let the democrats take ownership because you know, they're going to be held responsible for the economic performance of 2013 and come 2014, you can actually get a political change that might make a difference. stuart: we'll wait and see on that one. art laffer, always a pleasure. >> bye now. stuart: the republicans submit their fiscal cliff solution. now, that plan put out by speaker boehner, includes 800 billion dollars in extra tax revenues and that would come from limiting deductions and not from higher tax rates. and there would also be 1.2 trillion dollars worth of spending cuts and the white house immediately d
tax rates. it may be just tax rates higher for those making half a million a year, i think they'll retreat a little bit. >> i think, too, what i'd like to see the republicans do, i'd like to see them pass a bill extending tax cuts below $250,000 and everyone agrees those should be put through and then put through another bill that extends the tax cuts on those $250,000 and above and let the democrats take ownership because you know, they're going to be held responsible for the economic...
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Dec 5, 2012
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that is 98% of the american people, getting about 80% of this tax cut shouldn't have their taxes raised. so my suggestion -- it was delivered, by the way, in private and leaked and put in public. but that's fine. i mean, it's certainly what i said. my suggestion was let's take the one area that we agree and take it off the table. >> and -- but just to be clear, though, you actually think -- because this is when i saw your comment what i was so curious about, just from a negotiating standpoint. we had the super committee that failed, now we have the fiscal cliff, right? and if those sorts of deadlines aren't enough to get a deal, if you actually were -- were going to break with your own party or say go ahead, we'll extend them for the middle class, do you actually think that you would be able to negotiate a deal where they didn't go up on the top 2% at the beginning of the year? >> you might be able to negotiate that deal. again, i think a lot of people misunderstand, you know, what's happening with the 98%. number one, i don't think you ever ought to use the american people as, quote, l
that is 98% of the american people, getting about 80% of this tax cut shouldn't have their taxes raised. so my suggestion -- it was delivered, by the way, in private and leaked and put in public. but that's fine. i mean, it's certainly what i said. my suggestion was let's take the one area that we agree and take it off the table. >> and -- but just to be clear, though, you actually think -- because this is when i saw your comment what i was so curious about, just from a negotiating...
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Dec 6, 2012
12/12
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our tax revenues are down. historically they have been about 18 to 19% of the gross domestic product. part of that is the recession, but significant loss of revenue is because of the bush tax policies, and it was based on this idealogical fiction if you lower taxes it will increase revenues. and their focus was lowering taxes at the high end. we had higher tax rates under clinton, and we created 40 million jobs and had a surplus. then the bush folks came in put the war on the credit card prescription drugs on the credit card, and lowered taxes at the high end, and we had only 700,000 jobs, and had astonishing deficits since then. >> stephanie: the same l.a. times piece even makes that case with the war in afghanistan winding down, the military is asking for less than congress wants to give. so i think there has been so much hysteria over this fiscal cliff that i'm not sure it's warranted. >> that's exactly right. and also the ryan budget you know, their doctrine -- and it really is doctrining. lower taxes for t
our tax revenues are down. historically they have been about 18 to 19% of the gross domestic product. part of that is the recession, but significant loss of revenue is because of the bush tax policies, and it was based on this idealogical fiction if you lower taxes it will increase revenues. and their focus was lowering taxes at the high end. we had higher tax rates under clinton, and we created 40 million jobs and had a surplus. then the bush folks came in put the war on the credit card...
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Dec 5, 2012
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and there is no net rise in taxes today. any taxes increased are offset by taxes cut. mr. speaker, in last year's autumn statement we committed the government to maintain the same pace of consolidation for two further years beyond the end of the current spending review into 2015 and 2016-'17. in this year's autumn statement, we extend the consolidation for one further year into 2017-'18. the obr projects that as a result the share of national income spent by the state will fall from almost 48% of gdp in 2009-'10 to 39.5% by 2017-'18. the document shows total managed expenditure will continue to fall and will now be 4.6 billion lower in 2017-'18 than if it had been held flat in real terms. no decision to cut spending is ever easy, but those who object must explain whether instead they would have higher taxes or higher borrowing or both. i also provide further detail of the consolidation plans for 2015-'16, the last year of this parliament. i said two years ago that the correct balance for our fiscal consolidation between spending and tax should be 80 clash 20. i -- 80/20. i
and there is no net rise in taxes today. any taxes increased are offset by taxes cut. mr. speaker, in last year's autumn statement we committed the government to maintain the same pace of consolidation for two further years beyond the end of the current spending review into 2015 and 2016-'17. in this year's autumn statement, we extend the consolidation for one further year into 2017-'18. the obr projects that as a result the share of national income spent by the state will fall from almost 48%...
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but instead by closing tax loopholes, eliminating tax credits. and also $600 billion in health savings. that's what you'd get from entitlement reform. from reforming medicare, and doing some cuts there under this plan. but compare it to the white house plan, very different than what's on the table there. $1.6 trillion in new taxes. that is two times the amount in the boehner plan, and also, of course, includes increasing those income tax rates for the wealthy. $400 billion to medicare and other entitlements, that's $ 00 billion less than in the speaker's counteroffer and this would force congress to give up its debt limit vote which is a nonstarter for house republicans. the white house saying that boehner counteroffer is nothing new, that it lacks specifics. but i will tell you, zoraida, that one house democratic aid telling cnn that it passed the laugh test. so certainly i guess it could have been worse in some estimations by democrats. >> i suspect some people were laughing. brianna keilar live at the white house for us, thank you. in the next
but instead by closing tax loopholes, eliminating tax credits. and also $600 billion in health savings. that's what you'd get from entitlement reform. from reforming medicare, and doing some cuts there under this plan. but compare it to the white house plan, very different than what's on the table there. $1.6 trillion in new taxes. that is two times the amount in the boehner plan, and also, of course, includes increasing those income tax rates for the wealthy. $400 billion to medicare and other...
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is economic problems does this tax debate or even as fiscal cliff debate begin to scratch the surface of the crisis all former republican strategist author and historian kevin phillips is here with lessons we can learn from seventeen seventy five the subject of his latest book that many a politician may benefit from actually reading. from a long time when paul church and i don't do it anymore books boys much so you do not read his words. there you go and the as these the is reportedly investigating going to be providing twelve million dollars in derivatives trading losses in two thousand and eight yeah yeah there's a list of alleged bad bank behavior how is good capitalism though being driven out by bad capitalism oh we'll break it down and word of the day plus alan greenspan says a painless solution to the u.s. debt is a fantasy finally something we can agree on more loose change let's get to today's capital account. our guest kevin phillips made a name for himself in the late one nine hundred sixty s. as a g.o.p. operative who coined the phrase and wrote the book the emerging republ
is economic problems does this tax debate or even as fiscal cliff debate begin to scratch the surface of the crisis all former republican strategist author and historian kevin phillips is here with lessons we can learn from seventeen seventy five the subject of his latest book that many a politician may benefit from actually reading. from a long time when paul church and i don't do it anymore books boys much so you do not read his words. there you go and the as these the is reportedly...
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Dec 4, 2012
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tax hikes for the rich x. republicans want tax reform and eliminate deductions and closing the loop holes. the president said on twitter, there can't be tax cuts at the rich at the expense of domestic programs. >> the biggest problem with president obama is he is a small-pinded president in big times . he talk about 35-39 that doesn't get us out of debt. >> that is tough rhetoric for senator lindd say graham. the president will meet with governors and representatives of big business to discuss the plan and house speaker jone boehner will meet with the governors and plans to conduct rallies with small business owners and not sure when they will sit down and talk again. >> steve: thank you very much, kelley. we heard there are a number of democrats willing to jump off of the cliff schumer to name one. the white house is telling democrat reporters that the president is not eager to but he is willing to go off of the cliff if the republicans don't agree to raising income tax rates. >> gretchen: that is not surpris
tax hikes for the rich x. republicans want tax reform and eliminate deductions and closing the loop holes. the president said on twitter, there can't be tax cuts at the rich at the expense of domestic programs. >> the biggest problem with president obama is he is a small-pinded president in big times . he talk about 35-39 that doesn't get us out of debt. >> that is tough rhetoric for senator lindd say graham. the president will meet with governors and representatives of big business...
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Dec 5, 2012
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doing a tax cut. give them a big giveaway. the reality, the reality is, the reality the prime minister couldn't get away from, the deficit is going up, not down, on his watch. we all remember the posters which is airbrushed, i will cut the deficit, not the nhs. the facts speak for themselves. he cut the nhs and is not cutting the deficit. >> we are increasing spending on the nhs and we are cutting the deficit. we have cut the deficit by 25%. there are a million more private sector jobs. businesses are starting at higher rate than any time in our history. this economy is on the right track. we are equipping britain for the global race and on like the party opposite we are in the side of people who work hard and want to do the right thing. what is the answer? more borrowing, more spending, more of the things that got us into this mess in the first place. >> mr. speaker, years ago the nhs spent five hundred million pounds on tamiflu without seeing the day on the effectiveness or safety and rather than be
doing a tax cut. give them a big giveaway. the reality, the reality is, the reality the prime minister couldn't get away from, the deficit is going up, not down, on his watch. we all remember the posters which is airbrushed, i will cut the deficit, not the nhs. the facts speak for themselves. he cut the nhs and is not cutting the deficit. >> we are increasing spending on the nhs and we are cutting the deficit. we have cut the deficit by 25%. there are a million more private sector jobs....
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Nov 29, 2012
11/12
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FBC
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it depends on what the tax rates are. the 4% kicker or 04 percent cpi increase in the cost of living over the annuity. you have to look at that in the context of the tax opporunity. you have to be careful. gerri: they always have problems with their family. your advice which i cannot even imagine, learn to say no the families and friends. do you live alone, have no do you live alone, have no family and friends? where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's anotherson more investors are saying... [ all ] i'm with scottrade. ll, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sor about that. [ale announcer ] break from the holiday stress. fedex office. are you loing for a plan thateally meets your needs and your budget? as you probably know, medicare only covers about 80% of your part b medica
it depends on what the tax rates are. the 4% kicker or 04 percent cpi increase in the cost of living over the annuity. you have to look at that in the context of the tax opporunity. you have to be careful. gerri: they always have problems with their family. your advice which i cannot even imagine, learn to say no the families and friends. do you live alone, have no do you live alone, have no family and friends? where our dedicated support teams help you know more so your money can do more. [...
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tax rate increase. democrats have said no to that proposal.% in response to that a spokesman for house speaker john boehner saying despite republicans offer to put real revenue on the table the president has offered no concessions whatsoever. when will this willingness to compromise materialize??3 now republicans and democrats say there are no major meetings planned, no summit for democrats and republicans yet to get together and talk on this. the white house says they imagine that there is some e-mail traffic going back and forth but they refuse to tell us when and where they plan on negotiating this. back to you. ashley: i bet the language in the e-mail is pretty interesting too. >> right. ashley: rich edson, thanks so much. tracy: well more companies are accelerating their dividend payments. so we heard from campbell's soup and coach. some of the latest getting cash to shareholders ahead of fiscal cliff. oracle taking it a step further. moving up three dividend payments before the end of the year. fo
tax rate increase. democrats have said no to that proposal.% in response to that a spokesman for house speaker john boehner saying despite republicans offer to put real revenue on the table the president has offered no concessions whatsoever. when will this willingness to compromise materialize??3 now republicans and democrats say there are no major meetings planned, no summit for democrats and republicans yet to get together and talk on this. the white house says they imagine that there is...
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he raised taxes on the democrats promised him $2 in spending cuts for every dollar in new taxes. george bush is still waitin for those $2 in spending cuts. now the present is saying to live in give you two and a half to one. it's time the democrats and the president stepped up and cut spding. gerri: to that point. want you to respond to what the white house had to say in response to the republicans offer and then go to michael's point about what you will actually get latr. here is what dan pfeiffer said. it promises to lower rates for the wealthy and stickhe middle-claas with the bill. we could do it pinocchio test. is that true or false? >> completely false. they want to keeall the race the same. now lower than for anybody. and maintaining the status quo on rates. the deductns are actually targeted for upper-ince people. the dmocrats, the white house, some left wing groups that on behalff the white house imagined how they would design the republican plan and then they attack it. dishonest during the ampaign, and the president is still running a political capaign. he's been all o
he raised taxes on the democrats promised him $2 in spending cuts for every dollar in new taxes. george bush is still waitin for those $2 in spending cuts. now the present is saying to live in give you two and a half to one. it's time the democrats and the president stepped up and cut spding. gerri: to that point. want you to respond to what the white house had to say in response to the republicans offer and then go to michael's point about what you will actually get latr. here is what dan...
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Dec 6, 2012
12/12
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he's willing to let the tax go up on the middle class. on the debt increase he doesn't have the same leverage. bob woodward pointed out that tim geithner said to president obama if the republicans stick to their guns on the debt limit bill you cannot reto it. the consequences will be so clam to us that you cannot veto it. so obama would have capitulated. megyn: that's what simon is saying now. that we shouldn't put the country in that position. >> the only way we'll get action on this debt. we keep spending and spending and raising our debt by $6 trillion every obama term. that's what catastrophic. the republicans need to stick to the boehner rule. a dollar of spending cuts for every dollar in spending increases. why give in on taxes and the fiscal cliff fight when you will have all the leverage. megyn: simon? >> in the rasmussen poll that came out today the republicans lost 10 points since the election in the congressional generic fight. they are losing this economic argument right now. if they pull what mark is saying, you are going to
he's willing to let the tax go up on the middle class. on the debt increase he doesn't have the same leverage. bob woodward pointed out that tim geithner said to president obama if the republicans stick to their guns on the debt limit bill you cannot reto it. the consequences will be so clam to us that you cannot veto it. so obama would have capitulated. megyn: that's what simon is saying now. that we shouldn't put the country in that position. >> the only way we'll get action on this...
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Nov 29, 2012
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the taxes. so an american can escape somewhat but not as effectively as the british. when margaret thatcher reduced the tax we saw an explosion of enterprise and of course a wave of tax revenue came rolling in. we were able to have a debt repayment schedule and the tax emigres came back from the tax havens that remain in the british empire like bahamas and elsewhere. >>neil: john, always a pleasure, if no for other reason than your british accent is better than stuart varney's accent. thank you very much. thank you, john. in the meantime, the man who brokers some pretty night deals for lawrence taylor, what about this one between president obama and speaker boehner? and like s. or you can get out there and actually like something. the lexus december to remember sales event is on. this is the pursuit of perfection. >>neil: maybe we just got ahead of ourselves. progress is looking not so good on the budget talks with ed henry at the white house with the latest. i am confused. where are we? >>repor
the taxes. so an american can escape somewhat but not as effectively as the british. when margaret thatcher reduced the tax we saw an explosion of enterprise and of course a wave of tax revenue came rolling in. we were able to have a debt repayment schedule and the tax emigres came back from the tax havens that remain in the british empire like bahamas and elsewhere. >>neil: john, always a pleasure, if no for other reason than your british accent is better than stuart varney's accent....
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Dec 1, 2012
12/12
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CSPAN2
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so for instance if you have a tax system like ours where speculators are taxed at a different rate than if people who work for a living or from any into a bank account in the cayman islands rather than peak united states, you have extended the rules not only to give lower taxes, tax rates to those who avail themselves of these, but distorts the economy and you wind up with more speculation. the money isn't in the cayman islands because it grows better in the sunshine. lack of sunshine, is the reason people keep their money there. >> i had a conversation with someone from the financial industry trying to make the defense about things like carried interest which isn't investment income but gets taxed, there's a lot of effort put in with cancer in return, and i couldn't help, you know what else involves a lot of munster in return? renting books. i don't get the tax break and you get the tax break. >> just to clarify the question of very interesting, when a private equity or hedge fund earns money from their customers they earn a fee, that is their income. they are allowed to defer that and
so for instance if you have a tax system like ours where speculators are taxed at a different rate than if people who work for a living or from any into a bank account in the cayman islands rather than peak united states, you have extended the rules not only to give lower taxes, tax rates to those who avail themselves of these, but distorts the economy and you wind up with more speculation. the money isn't in the cayman islands because it grows better in the sunshine. lack of sunshine, is the...
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bag of laundry that i could do at home for three dollars a legal way a statement from the goldman or tax payers money down auto. company is overcharging taxpayers. company bill taxpayers for its contract work in iraq it is your money that's being used these contracts have managed to cost plus which is the opposite of trying to save money it guarantees that everything that you buy will be paid back and read if it's justified and you'll be given a profit edition. critics. say the more taxpayer dollars halliburton the more halliburton. cost plus encourages you to run up the cost of the program because you are going to get a percentage of the end result has so there is no incentive to stay at motel six states. in kind of folks the places they chose for orientation the way it was a huge resort set right on the ocean. so it was better than the window. it was faint save marble floors mahogany what were those just beautiful they had seen. and you could go in ridgeway verner's play in the water they were running wave runners and we got paid by the hour to do it i was told this don't question and
bag of laundry that i could do at home for three dollars a legal way a statement from the goldman or tax payers money down auto. company is overcharging taxpayers. company bill taxpayers for its contract work in iraq it is your money that's being used these contracts have managed to cost plus which is the opposite of trying to save money it guarantees that everything that you buy will be paid back and read if it's justified and you'll be given a profit edition. critics. say the more taxpayer...
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corporate tax. neil: should you pair spending in other areas to adjust. >> spending is very much down in the u.k. that is the problem, that is the argument shared sacrifice. neil: what about the princess? >> i told jonathan hunt last week that i thought kate middleton is pregnant, i am pleased to be right. neil: she has very bad morning sickness. >> which is why it was revealed early, it was revealed 12 weeks, it is to be expected. the role of the roll wife to provide an heir and a spare immediately. neil: dogs teach a lesson about living, they don't know the future, they have forgotten the pass, they are tree t free to ls straight in the eye, but is that any reason to bring them to work? former "seinfeld" star's choice to bridg bring canines to work. . which is why we are proud to parer with health care professionals who understand the differenc that quality me with our members can make... that's a very nice cake! ohh! [ giggles ] [ male announcer ] humana thanks the physicians, nurses, hospitals,
corporate tax. neil: should you pair spending in other areas to adjust. >> spending is very much down in the u.k. that is the problem, that is the argument shared sacrifice. neil: what about the princess? >> i told jonathan hunt last week that i thought kate middleton is pregnant, i am pleased to be right. neil: she has very bad morning sickness. >> which is why it was revealed early, it was revealed 12 weeks, it is to be expected. the role of the roll wife to provide an heir...
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it never has been a tax issue. we have the same amount of revenue coming in in 2012 tat we had in 2007, but we spend a trillion dollars more per year now th we did five years ago. thiss a spending issue. gerri: spending or revenue, that is, the amount of money taken in by the federal government has recovered, and it's doing much better. >> right. gerri: turning your tarns to a conversation going on for days lately. the most recent adherent oklahoma congressman tom cole saying, look, republicans need to compromise. they need to keep tax cuts in place forpeople earning $250,000 and less. heays it's time to make a change and now people on the hill saying that the g.o.p. is splintering. what do you say? >> that's not true. actually, what tom was trying to say was it's a tax call thing. tom is against raising taxes on any level. he's against raising taxes on all folks, but have agreement with the president onhis group that's $250,000 and less, clear the table and make the bracket.ions in the upper he's against raising r
it never has been a tax issue. we have the same amount of revenue coming in in 2012 tat we had in 2007, but we spend a trillion dollars more per year now th we did five years ago. thiss a spending issue. gerri: spending or revenue, that is, the amount of money taken in by the federal government has recovered, and it's doing much better. >> right. gerri: turning your tarns to a conversation going on for days lately. the most recent adherent oklahoma congressman tom cole saying, look,...
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Dec 3, 2012
12/12
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KRON
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how do you tax the product that is made. if force engines are made somewhere else where do the taxes go. >> now that will pay more and they do not want to of set politicians. the investors used is to reward the company will more shares. coffee consumption has declined. and they just bought a new company. they drop the name coffee from their sign for obvious reasons. >> 6:52 a.m.. >> and this look is coming from the bay bridge approach. the traffic is backing up. >> coming up on dr. feel at 10:00, right here on kron 4. online dating can be tricky. is the person you falling 4 and shared your deepest secrets what really who they say they are? >> doctor feels gas said they fell victim to a cat fish-a person who creates a false ids only in an ad in the hopes of luring people into romantic relationships. [ male announcer ] steak combos. featured now at sizzler. tri tip sirloin with fried shrimp, malibu chicken, or grilled shrimp. starting at just $9.99. sizzler. >> we're back at 6:56 a.m.. >> take a look at this footage. what you
how do you tax the product that is made. if force engines are made somewhere else where do the taxes go. >> now that will pay more and they do not want to of set politicians. the investors used is to reward the company will more shares. coffee consumption has declined. and they just bought a new company. they drop the name coffee from their sign for obvious reasons. >> 6:52 a.m.. >> and this look is coming from the bay bridge approach. the traffic is backing up. >>...
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Dec 4, 2012
12/12
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KPIX
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the other issue is taxes. congressional republicans want bush-era tax cuts extended for all americans. president obama says those tax cuts must expire for households making $250,000 or more. >> it's a position that is supported by a majority of the american people. and, you know, we need to see from republicans an acknowledgement of that. >> reporter: the gop proposal that the white house quickly rejected closes tax loopholes and reduces deductions to raise 800 billion-dollar in new revenue. the plan cuts $600 billion in healthcare entitlement programs. >> we are overspending and until you deal with that issue you cannot raise taxes enough to be able to keep one a trillion dollars of accelerate spending. >> reporter: republicans dismissed the president's plan late last week. but now that both sides have numbers on the table, some congressional watchers believe those outlines may eventually help them find common ground. in washington, danielle nottingham cbs 5. >>> are you ready for more rain? >> i don't know.
the other issue is taxes. congressional republicans want bush-era tax cuts extended for all americans. president obama says those tax cuts must expire for households making $250,000 or more. >> it's a position that is supported by a majority of the american people. and, you know, we need to see from republicans an acknowledgement of that. >> reporter: the gop proposal that the white house quickly rejected closes tax loopholes and reduces deductions to raise 800 billion-dollar in new...
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say the more tax payer dollars halliburton the more halliburton. cost plus encourages you to write up the cost of the program because you are going to get a percentage of the end result has so there is no incentive to stay at motel six stay in the ritz carlton in kind of folks the place they chose for orientation the way it was a huge resort set right on the ocean. three swimming pools so it was better than the window. it was faint save marble floors mahogany what were those just beautiful they had seen. and you could go on real wave runners play in the water they were running wave runners and we got paid by the hour to do it i was told this don't question and enjoy it several government agencies are currently invest. gating of halliburton overcharge for work already completed in iraq. and i had five star meals catered to him every day it was so lavish oros the vegetable plodders beef plodders fish platters cost plus contrary k.b.r. looked at it the more money we spend it's more money we get in our pockets we have made over there compared to milita
say the more tax payer dollars halliburton the more halliburton. cost plus encourages you to write up the cost of the program because you are going to get a percentage of the end result has so there is no incentive to stay at motel six stay in the ritz carlton in kind of folks the place they chose for orientation the way it was a huge resort set right on the ocean. three swimming pools so it was better than the window. it was faint save marble floors mahogany what were those just beautiful they...
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he didn't mention anything about tax increases. but then he says, well, you come to the table and it all comes down to math. it didn't add up. that's why he needs tax increases. >> elections change things. >> math. >>> well, there will be a full court press on capitol hill later this morning as officials from northeast push for billions of dollars in federal aid in the wake of hurricane sandy. senators from hard-hit states are among those scheduled to test final the governors of new jersey, new york and connecticut are teaming up to request almost $83 billion in federal help. >>> also on capitol hill, the senate has just passed its version of a defense bill. it's a $631 billion measure. it calls for a quicker withdrawal of u.s. troops from afghanistan and tougher sanctions on iran. it would also give military personnel a 1.7% raise. that vote was 98-0. unanimous. the senate and house must work out a compromise. >>> now we turn to egypt where tv stations are expected to go dark today in protest over the president's recent power grab
he didn't mention anything about tax increases. but then he says, well, you come to the table and it all comes down to math. it didn't add up. that's why he needs tax increases. >> elections change things. >> math. >>> well, there will be a full court press on capitol hill later this morning as officials from northeast push for billions of dollars in federal aid in the wake of hurricane sandy. senators from hard-hit states are among those scheduled to test final the...
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Dec 5, 2012
12/12
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KCSM
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eye 180
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we heard a very long discussion about tax treatment of same-sex marriages. the cdu trying to show itself as a party that is delectable by urban voters and that stands for diversity, as i said. >> ending the eurozone crisis has been a top priority, not only for merkel, but also for other european leaders as well. >> one key part of the plans is the creation of a banking union. finance ministers were supposed to be discussing the first steps to building such a union today, but the talks collapsed without progress. the discussions are very contentious, mainly because of the devolution of national powers to brussels. our correspondent has been following the talks and explained why they collapsed. >> another meeting on this next question, another failure. basically, the differences between member states were not healed. on the one side, you've got germany being very questioning about the central core idea, which is that the european central bank will become the supervisory body for the whole euro banking area, insuring heavy capitalization of banks to bolster the
we heard a very long discussion about tax treatment of same-sex marriages. the cdu trying to show itself as a party that is delectable by urban voters and that stands for diversity, as i said. >> ending the eurozone crisis has been a top priority, not only for merkel, but also for other european leaders as well. >> one key part of the plans is the creation of a banking union. finance ministers were supposed to be discussing the first steps to building such a union today, but the...
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Dec 6, 2012
12/12
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CNNW
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bhoener came up with a tax revenue plan. he said let's cap deductions and loop holes and leave these alone because that hopes growth. and he got nothing. nothing from boobama and i thin that started the bad blood. >> they both have to learn the art of negotiation. >> i'm going to guarantoo you that the democrats are going to be split. >> i'm going to leave it there. nick, larry, thank you very much indeed. >> coming up next. kerry kennedy talks about. anne's tablet was chatting with a tablet in sydney... a desktop in zurich... and a telepresence room in brazil. the secure cloud helped us get some numbers from my assistant's pc in new york. and before i reached the top, the board meeting became a congrats we sold the company party. wait til my wife's phone hears about this. [ cellphone vibrating ] [ female announcer ] with cisco at the center, working together has never worked so well. everything about the oral-b power brush is simply revolutionary. our unique brush head cleans in three directions with up to 50% more brush mo
bhoener came up with a tax revenue plan. he said let's cap deductions and loop holes and leave these alone because that hopes growth. and he got nothing. nothing from boobama and i thin that started the bad blood. >> they both have to learn the art of negotiation. >> i'm going to guarantoo you that the democrats are going to be split. >> i'm going to leave it there. nick, larry, thank you very much indeed. >> coming up next. kerry kennedy talks about. anne's tablet was...
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Nov 30, 2012
11/12
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KCSM
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investigators are currently looking into similar incidents of alleged tax evasion at other institutions. >> there's a lot of money in going bankrupt. that is if you are the one winding up a big company that goes bust. >> a german law firm, for exple, are doing jt that r lehman brothers re in germany, and today, they've been trying manthstify their massive fees. them as well. lehman' a grn b >> risky speculation on the u.s. housin mkeas in septemberpa collse then, its assets have ben liquidated and notnl d.subsidiaries were present in more than 40 of hman's german unihas fouone othn 'ssss e figr yrs, aun 10ttne a bkrtc on eimehodotal fs ul basig mewhe,edris te lmaroerfid rak srt brk. wh wco bk, btay rtedndurreby soie tnk ftang wh us. >> welcome back. epitfreom i spadg si the long crh pteer tangohe see tay >> riot police moved in to break ahr-mohrotest against a me n ba ine mpy. tnse said truckloads of police aiv tov u demonsators. activists say almost 50eonjed >>heig t pte war of burma'sraitnowd rerm b ctics the latest police action show jt w sneeho rctns are. >> many of the injured were
investigators are currently looking into similar incidents of alleged tax evasion at other institutions. >> there's a lot of money in going bankrupt. that is if you are the one winding up a big company that goes bust. >> a german law firm, for exple, are doing jt that r lehman brothers re in germany, and today, they've been trying manthstify their massive fees. them as well. lehman' a grn b >> risky speculation on the u.s. housin mkeas in septemberpa collse then, its assets...
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there's a tax payer it comes out of the tax and bury the actual purging we're already healthy and in shape to go out and. private companies hardworking and reliable make sure want to work every day well. terribly work in prison is mandatory and the choice many inmates have is whether to work for a government run prison industry for less than a dollar an hour or a private one for a minimum wage of around six dollars a unit cory's a government owned corporation that uses prison labor to produce all kinds of goods mainly for other government agencies one hundred seventy five different types of products and services you see the variety listed on their website they to partner up with private firms now last year unicorn's revenue nine hundred million dollars the spars private prisons are concerned two of the country's biggest prison corporations made three point three billion dollars last year alone private prisons are treated in that york stock exchange they are for profit companies and the savings that they reap from using inmate labor. go to their bottom line it's money they otherwise d
there's a tax payer it comes out of the tax and bury the actual purging we're already healthy and in shape to go out and. private companies hardworking and reliable make sure want to work every day well. terribly work in prison is mandatory and the choice many inmates have is whether to work for a government run prison industry for less than a dollar an hour or a private one for a minimum wage of around six dollars a unit cory's a government owned corporation that uses prison labor to produce...
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that the israeli government has taken is that they have frozen some one hundred million dollars in tax money that is well complex on behalf of the palestinian authority has built a painful blow to the p.a. because essentially can only cover around seventeen percent of its needs the rest of the money comes from this tax money comes from the united states and from the european union if you look at the sick the population in this country they too also unhappy they do not believe that the israeli prime minister netanyahu will go ahead with building these units they believe that it's almost a cheap route by netanyahu to try and gain support ahead of genuine elections and that this is an internal matter to try and really build votes the mets will know who government essentially sees this but and perhaps i should say not just in the tone of your government but many israelis feel that it was a one sided resolution that was put forward at the united nations and the point being made by the government is that they cannot be any kind of unilateral moves on the palestinian side they need to first b
that the israeli government has taken is that they have frozen some one hundred million dollars in tax money that is well complex on behalf of the palestinian authority has built a painful blow to the p.a. because essentially can only cover around seventeen percent of its needs the rest of the money comes from this tax money comes from the united states and from the european union if you look at the sick the population in this country they too also unhappy they do not believe that the israeli...
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Nov 28, 2012
11/12
by
CNBC
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eye 224
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have to raise taxes. democrats don't seem to favor lowered defense budget and favor higher taxes for the rich and so we're done. i think we're done. >> after durbin speoke yesterda, if you're going to get a blueprint, he doesn't want entitlements be part of it for next year. >> it's the 1,000-point solution. maybe that will change their mind. durbin said no. norquist is saying no tax increase. what else is there? am i missing something? what am i missing? blankfe >> stallen made a lot of sense. mass murderer about you doesn't mean he didn't make sense. >> blankfein, kent, mayer, roberts of comcast. is there anything these guys can say to change their tune? to get people -- >> we're just past thanksgiving. let's give it a little time. things can change. we've seen lots of back and forth. everybody is establishing their negotiating position. there's still a negotiation to come in some way. i'll take the optimistic view. >> maybe that's where they are starting from. >> a reset button? >> we have yet to get i
have to raise taxes. democrats don't seem to favor lowered defense budget and favor higher taxes for the rich and so we're done. i think we're done. >> after durbin speoke yesterda, if you're going to get a blueprint, he doesn't want entitlements be part of it for next year. >> it's the 1,000-point solution. maybe that will change their mind. durbin said no. norquist is saying no tax increase. what else is there? am i missing something? what am i missing? blankfe >> stallen...
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they also pay a high rate of tax but nowhere near as high as the u.k. we've got the netherlands that pays around forty eight percent tax germany pays around forty percent average families that pay in tax now we spoke to a few londoners on the streets and asked them about how they feel about how much tax they pay let's take a listen i'm not looking for us person these players such as think that it should be fair of course to move people should pay proportionately. you know get in from it really. feels like it's all going to the fact that it's in the. communities it's just. good. business. so as you can see you know a lot of people are just extremely frustrated that they aren't getting any of their local services back it's demoralizing figure and as the government had promised to recognize marriage to provide some of these tax breaks they haven't done that yet and in the run up to christmas with prices on the rise food prices fuel prices just the price of heating a family's home this is very very bad news and a lot of people feeling extremely frustrated a
they also pay a high rate of tax but nowhere near as high as the u.k. we've got the netherlands that pays around forty eight percent tax germany pays around forty percent average families that pay in tax now we spoke to a few londoners on the streets and asked them about how they feel about how much tax they pay let's take a listen i'm not looking for us person these players such as think that it should be fair of course to move people should pay proportionately. you know get in from it really....
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Dec 4, 2012
12/12
by
CNNW
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eye 251
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at today's dividend tax rate of just 15%. that will be a big savings for him if the dividend tax does double as it may do next year. the doom and gloom of the fiscal cliff hides an important point about our economy. we play our cards right, america could be headed for another economic renaissance. short-term indicators are looking good. jobs are being created, consumer debt is shrinking. the housing market is making a comeback. forget silver linings, housing has been the golden lining around the economic cloud hanging over the country. mortgage rates are expected to stay low through 2014. home affordability is as good as it it's been in generations. that's going to attract buyers who spent the last few years waiting for prices to bottom out. that's going to help millions of homeowners who currently owe more on their homes than the home is worth. the home prices rising, confidence will return. and longer term prospects also have some real hope in america. we're in the midst of a domestic energy boom that will fuel growth for y
at today's dividend tax rate of just 15%. that will be a big savings for him if the dividend tax does double as it may do next year. the doom and gloom of the fiscal cliff hides an important point about our economy. we play our cards right, america could be headed for another economic renaissance. short-term indicators are looking good. jobs are being created, consumer debt is shrinking. the housing market is making a comeback. forget silver linings, housing has been the golden lining around...
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504
Dec 4, 2012
12/12
by
CNNW
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eye 504
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in a way by getting rid of tax loopholes which they feel rather than raise the tax rates will have less of a negative impact on the economy. at the end i think there will be a little bit of movement on their side possibly raising the dollar income level that we have for that and making so it's a combination of increases as well as loopholes, but, frankly, the president's policy of just trying to punish the rich is what he seems to be interested in is also counterproductive, frankly. >> i saw jason johnson shaking his head no. >> this is not true. they haven't specified what any of these taxes are. they're trying to sell people a bridge and you don't even know where the bridge is going. that's one of the reasons the white house rejected the plan but here is the other reason why the republicans are eventually just going to go along and raise taxes and deal. the most important number in this whole debate is 56. 56% of the public according to a recent poll will blame the republican party in congress if this deal does not get done. they do not need another public relations hit after being sh
in a way by getting rid of tax loopholes which they feel rather than raise the tax rates will have less of a negative impact on the economy. at the end i think there will be a little bit of movement on their side possibly raising the dollar income level that we have for that and making so it's a combination of increases as well as loopholes, but, frankly, the president's policy of just trying to punish the rich is what he seems to be interested in is also counterproductive, frankly. >> i...
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this afternoon, house speaker spent the president a letter outlining $800 billion through tax reform. but the cuts remain in place. the plan calls for $600 billion in savings from health sources, $300 billion in additional mandatory savings. sound vague to you? abc 7 political analyst says that is part of the game. >> every time you make cuts at this point, you're affecting some constit twensys going to get mad at you. >> the president is asking for $1.6 trillion in new revenue over next 10 years mostly from the rich. speaker boehner offering half of that amount through his tax reforms and if they can't find an agreement it means on january 1 nearly every american will pay more income tax, between 2000 and $2400 for average families. san francisco cafe distill, the owner says we can pay that. if his employees have to pay, that would hurt. >> $2400 makes a big difference for employees making between 15s skpdz $20 an hour in the city. >> during a photo op this afternoon, the president ignored questions about the offer. but in a statement white house is rejecting the plan as nothing new.
this afternoon, house speaker spent the president a letter outlining $800 billion through tax reform. but the cuts remain in place. the plan calls for $600 billion in savings from health sources, $300 billion in additional mandatory savings. sound vague to you? abc 7 political analyst says that is part of the game. >> every time you make cuts at this point, you're affecting some constit twensys going to get mad at you. >> the president is asking for $1.6 trillion in new revenue over...
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Nov 30, 2012
11/12
by
CNBC
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we're taxing or capital, taxes our seed corn. how you will that affect all this? >> that means you don't get to your gdp, but you have good things going on in housing. if you look at the core logic numbers this past month, that's very encouraging. in the face of all this, we have four years highs in consumer confidence. to me there are pockets in the manufacturing sector that have siege a resurgence, construction, grid repair, a lot of these power energy management solutions, kind of making these more efficient, if you will. there are some areas that will do better next year. that's where you want to investivities let's put the fiscal cliff aside, because they are not going to let the tax cuts expire. i'm here, i've been in politics for a long time. they won't do it. where would you invest? you sound pretty optimistic. where would you invest? >> i would say this, this fiscal inclusiver cliff, you have to use the weakness to buy. you're not chasing the strength. housing for sure, but i would also say go to where the companies reported in the third quarter, where di
we're taxing or capital, taxes our seed corn. how you will that affect all this? >> that means you don't get to your gdp, but you have good things going on in housing. if you look at the core logic numbers this past month, that's very encouraging. in the face of all this, we have four years highs in consumer confidence. to me there are pockets in the manufacturing sector that have siege a resurgence, construction, grid repair, a lot of these power energy management solutions, kind of...
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Nov 28, 2012
11/12
by
FOXNEWSW
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on the tax issue the republicans are playing defense. if they don't act the white house is ready to blame this on them in terms of going off the cliff. after coming out of the election where the republicans nuclear a hit the white house hopes they will not want to take another big blow after the election so quickly. >>shepard: powerball sales are skyrocketing, upping the jackpot and the odds someone will win the big surprise tonight. it is at $550 million. that is a record for powerball. the odds are slim of swinging, 1 in 75 million but zero chance if you don't buy. people are dreaming. >> i felt my whole life i was supposed to be rip. >> pay the bills and house off. not have to work. ever again. >> i have 17 charities first. they come first. >> i want to buy a house. >> how will you spend it? >> take a day off. >> officials say this is a 75 percent chance now that someone or multiple somebodies will win tonight. rick is on long island, new york. a lot of folks there open for reversal of fortune. rick: they are. everyone here is telling
on the tax issue the republicans are playing defense. if they don't act the white house is ready to blame this on them in terms of going off the cliff. after coming out of the election where the republicans nuclear a hit the white house hopes they will not want to take another big blow after the election so quickly. >>shepard: powerball sales are skyrocketing, upping the jackpot and the odds someone will win the big surprise tonight. it is at $550 million. that is a record for powerball....